Buy the DIP, and HODL!

[JayJuanGee]

[edited out]

Diversification is a safety net when it comes to investment.

Are you attempting to distinguish between someone who is just getting into bitcoin and investing versus someone who has been investing for a long time?  There's a difference.

Also if someone is investing $10 per week for 3 years.  Maybe the person makes around $400 per month, so $10 per week would be 10%.  So the $10 per week is also $520 per year and $1,560 after 3 years.  At what point is diversification necessary, if at all?   Remember we are likely also suggesting that such person makes sure that s/he has an extra cashflow and/or emergency fund that is somewhere between 3-6 months, so that might well be $1,200 to $1,600 in cash just for the cashflow, and then maybe some extra for an emergency fund, so maybe that could be $1,500 to $2k in cash or some other relatively liquid way of holding value.  Just having a cash fund is a kind of diversification, even though it is not likely to gain in value, but it offsets (and provides a safety net for the investment into bitcoin).

At a certain point, there may be a need for an investor to delve into something that is certain to provide a faster return, perhaps in a short period of time.

Why?  Isn't bitcoin potentially volatile enough?  What more "faster return" is necessary, and at what point would a person "need" to engage in such extra risk taking, when bitcoin is already risky?

This could be an investment outside the cryptocurrency space. Some reasons for this include acquiring more money within this period so that they can aggressively buy Bitcoin and achieve their Bitcoin goals.

Sure these kinds of other investments can be made, but at the same time, diversification is still not a beginning technique, it is likely something that comes after a decent amount of building up of the total investment portfolio, and if there is $1,500 or so in bitcoin and $1,500 or so in cash, then it would seem to be a distraction and even premature to be going into diversification ideas yet... I cannot really say how a person with around a $400 per month of income, which would be around $4,800 per year in income who is ONLY really putting aside around $10 per week into bitcoin is needing to really diversify prior to getting close to a whole year's income or perhaps more than that.

Yeah, there are plenty of other examples of incomes, but still diversification is not something that is necessary to do right from the start of an investment, it is something that may well come further down the road for someone who is in the earlier stages of building his/her investment portfolio, and it is a frequently a distraction that takes beginners away from the basic areas of building.. that are much more powerful than getting distracted into ideas of diversification for the sake of diversification.. which can really undermine smaller portfolios with those kinds of distractions.

Definitely, on the process of growing your Bitcoin portfolio, there could be opportunities like a business or a higher-paying job that could come along, and all of this can help increase the amount you put into Bitcoin weekly.

We should hope that people are not necessarily stagnant in their cashflow, especially if they are starting out with mediocre levels of cashflow, so surely if there are opportunities to increase income then those can be good ways to increase the amounts that can be invested into bitcoin, but it still might not necessarily mean that there is any needs to get distracted away from bitcoin and cash until there is a certain level of wealth that is built up and that the level of wealth starts to justify investing in other areas rather than merely conjecturing that there is a need to diversify just because other people say it is a good idea, when it is not necessarily a good idea for guys with smaller investment portfolios and/or until they might build up their investment portfolio to a certain size that starts to justify some need to move in the direction of maybe adding another investment, and then maybe 5 years later adding another one.. so diversification does not tend to be anything that needs to be rushed into.. unless the BTC holdings are getting to be quite large.. maybe even 3-5x the size of an annual income, and so there will still be some individual determination when those kinds of needs to diversify are triggered..

For instance, if you currently allocate $150 to Bitcoin every week and have the chance to start earning more than you currently do, you could increase your weekly allocation to $200 to aggressively buy more Bitcoin. Additionally, if you see a good business opportunity, you may temporarily pause your Bitcoin purchases to invest in the business.

Sure.  Nothing wrong with any of those kinds of scenarios and weighing of how to adjust allocations or figuring out where to put extra income or maybe even extra income might dry up in some circumstances as you mentioned, and there could be questions about whether to reduce or to completely stop BTC purchases for a period of time that may or may not be easy decisions to make..

Once you start making gains from the business, you could aggressively buy Bitcoin using some of the profits from the business and your income. This way, you may now be buying Bitcoin using your income ($200) and from your business gains ($50) weekly, helping you reach the level of Bitcoin portfolio you desire.

Sure, there are frequently complexities for business opportunities that maybe or may not be worth the injection of capital to get into such operations, and sometimes there can be good opportunties, so we cannot weigh those kinds of trade offs in a thread like this, and we cannot necessarily assume, either, that it would automatically be better to get into a business rather than buying BTC with the extra capital.. it is not easy to know without getting into particulars of the business.. .

And as Salahmu mentioned in the next post, people will sometimes get distracted by supposed "business opportunities" and want to spend their bitcoin investment, which can be very tempting, but not necessarily a good idea for someone to get so excited about supposed opportunities that s/he has merely because s/he has savings and an investment in bitcoin that is generally growing and so dipping into it is tempting, but not be as good of an idea as continuing to build the bitcoin investment with out getting distracted... and of course, everyone has to figure out how to balance these kinds of temptations..and whether the opportunity that is presented is as great as it appears from the initial stages... but might not be so great after several years of wasting time in it..when you could have had been building your bitcoin holdings in other ways.  There is no exactly better choice, even though there likely can be due diligence difficulties that might even be more difficult to assess than assessing the putting of value into bitcoin.

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[Bloodseekers]

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin  with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can  than sitting on the fence.

If you are focused on BTC, I think it's better not to think about the outside anymore. Just BTC and search quickly to collect as much as possible in various ways. January 2024 is only a month and 6 days away and the issue of increasing BTC is also being discussed very intensively even in the midst of these uncertain economic conditions.

Making the decision to just collect BTC would indeed be better, because we will focus more on that without thinking about other cryptocurrencies and at this time it would be very good if we could collect as much as we can so we can wait for the profits from the investment we can make. Maybe what is hampering some people at the moment is true, as you said, most people are experiencing economic difficulties, but if we can collect it, of course this will really help our economy.

[Obim34]

Venturing into something or business that could help you in times of finance in other to boost your accumulation level of Bitcoin is actually a good plan but however if your intentions of venturing into those business is for you to use all the funds to aggressively invest on Bitcoin I would say is not a right decision if you are not really sure of the cash flow of the business because so many investors has gone that line but find it difficult later.

You know some times I do not blame such investors as they make haste into venturing into the market at times more aggressively than they should.
In a case where most persons are interested into buying Bitcoin and basically do not have enough for it at a time, eventually started a business which excavate their finance with the long interest to own Bitcoin they will definitely venture more aggressively into the market because that might be the only long lasting opportunity for them to buy Bitcoin.

[Lida93]

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin  with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can  than sitting on the fence.

If you are focused on BTC, I think it's better not to think about the outside anymore. Just BTC and search quickly to collect as much as possible in various ways. January 2024 is only a month and 6 days away and the issue of increasing BTC is also being discussed very intensively even in the midst of these uncertain economic conditions.

Altcoins are a distraction for someone that's already invested in bitcoin, it is like having the original of a product and still spending money on the inferiors of it type when you know it can develop fault at any given time as a result of the inferiority in value and standardization of the product.

At first when I started to draw interest in cryptocurrency i started with alts they all didn't end well, the rug pulls were always short-timed, if I had started off with BTC would have had more portfolio in crypto than I do today. The losses weren't funny mate, I know what am talking about. So yeah, it's better to stay focused not considering any other alt.

At a certain point, there may be a need for an investor to delve into something that is certain to provide a faster return, perhaps in a short period of time.

Why?  Isn't bitcoin potentially volatile enough?  What more "faster return" is necessary, and at what point would a person "need" to engage in such extra risk taking, when bitcoin is already risky?

No doubt bitcoin is potentially volatile with its own peculiar risk and returns but investing (diversifying) in other different projects that's not cryptocurrency is another form of expansion that returns made from there can be utilize into accumulating and increasing your bitcoin portfolio, in my opinion a good diversification can be a supportive ground for a bitcoin investor not to tamper with his bitcoin investment at any  financial emergency storm that might hit.

If the money is there enough to diversify the risk factor shouldn't be an excuse not to diversify. None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.

[Salahmu]

Venturing into something or business that could help you in times of finance in other to boost your accumulation level of Bitcoin is actually a good plan but however if your intentions of venturing into those business is for you to use all the funds to aggressively invest on Bitcoin I would say is not a right decision if you are not really sure of the cash flow of the business because so many investors has gone that line but find it difficult later.

You know some times I do not blame such investors as they make haste into venturing into the market at times more aggressively than they should.
In a case where most persons are interested into buying Bitcoin and basically do not have enough for it at a time, eventually started a business which excavate their finance with the long interest to own Bitcoin they will definitely venture more aggressively into the market because that might be the only long lasting opportunity for them to buy Bitcoin.

If an investor could eradicate greed and be more discipline in times of investment it will do them more good than harm because I realized that the reason why most people aggressively invest on Bitcoin is because they feel that it will make them have a more higher returns than slowly investing without knowing that is better to invest slowly and consistently to reach your goal than aggressively investing and being cut up by unforseen challenges.

That's why DCA was actually the best strategy and will remain the best because irrespective of how DCA strategy seem more of slowly accumulation but what matters is doing the investment in the right way free from unforseen risk and perhaps with time the targets will be achieved.

[Churchillvv]

At a certain point, there may be a need for an investor to delve into something that is certain to provide a faster return, perhaps in a short period of time.

Why?  Isn't bitcoin potentially volatile enough?  What more "faster return" is necessary, and at what point would a person "need" to engage in such extra risk taking, when bitcoin is already risky?

No doubt bitcoin is potentially volatile with its own peculiar risk and returns but investing (diversifying) in other different projects that's not cryptocurrency is another form of expansion that returns made from there can be utilize into accumulating and increasing your bitcoin portfolio, in my opinion a good diversification can be a supportive ground for a bitcoin investor not to tamper with his bitcoin investment at any  financial emergency storm that might hit.

If the money is there enough to diversify the risk factor shouldn't be an excuse not to diversify. None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.

You there is this saying that "the gap between you and your success is focus" Everyone wants results but nobody wants to stay focused. The gap between your current life and the life you want is called focus.
Focus 100% on one thing, instead of doing 5 things with 20% focus each.
In my opinion this is what @JayJuanGee is trying to say, for instance if someone accumulates Bitcoin with $10 per week and wish to diversify, since Bitcoin is volatile enough s/he can create another portfolio to invest another $10 per week and when price increases s/he can withdraw from their profit and still retain it's invested amount. With this example one can still remain in one business rather your speculation of diversity, then you can be 100% focused on one thing is stead of investing in 5 different things with 20% focus on each.

[FinePoine0]

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin  with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can  than sitting on the fence.

If you are focused on BTC, I think it's better not to think about the outside anymore. Just BTC and search quickly to collect as much as possible in various ways. January 2024 is only a month and 6 days away and the issue of increasing BTC is also being discussed very intensively even in the midst of these uncertain economic conditions.

Do not hold bitcoins in anticipation of future bitcoin halvings. You need to hold for a long time because the original Bitcoin holders are always invested for a long time. But you just mentioned bitcoin halving it's a small bitcoin investment. By using a hardware wallet you can hold bitcoins for a long time. And you can deposit with DCA method every week or monthly equivalent amount of 10 to 15 dollars. Accumulating fiat money causes a lot of ricks because the value of the dollar is only increasing but the value of fiat money is decreasing. So I chose Bitcoin as the best way because the longer I hold Bitcoin the more profit I can make.

[Roseline492]

At a certain point, there may be a need for an investor to delve into something that is certain to provide a faster return, perhaps in a short period of time.

Why?  Isn't bitcoin potentially volatile enough?  What more "faster return" is necessary, and at what point would a person "need" to engage in such extra risk taking, when bitcoin is already risky?

No doubt bitcoin is potentially volatile with its own peculiar risk and returns but investing (diversifying) in other different projects that's not cryptocurrency is another form of expansion that returns made from there can be utilize into accumulating and increasing your bitcoin portfolio, in my opinion a good diversification can be a supportive ground for a bitcoin investor not to tamper with his bitcoin investment at any  financial emergency storm that might hit.

If the money is there enough to diversify the risk factor shouldn't be an excuse not to diversify. None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.

You there is this saying that "the gap between you and your success is focus" Everyone wants results but nobody wants to stay focused. The gap between your current life and the life you want is called focus.
Focus 100% on one thing, instead of doing 5 things with 20% focus each.
In my opinion this is what @JayJuanGee is trying to say, for instance if someone accumulates Bitcoin with $10 per week and wish to diversify, since Bitcoin is volatile enough s/he can create another portfolio to invest another $10 per week and when price increases s/he can withdraw from their profit and still retain it's invested amount. With this example one can still remain in one business rather your speculation of diversity, then you can be 100% focused on one thing is stead of investing in 5 different things with 20% focus on each.

I think you misunderstood the points @Jay was trying to make because from my understanding he was Clearifying a fact that engaging on other means in other to get faster returns is not advisable considering how volatile Bitcoin could be, risking more in other to have a faster return will seem more like a gambling investment which the outcome may not be nice.

However one of the challenges of most investors is the eager of making a huge profit from Bitcoin as soon as possible that's why many investors falls victim of there actions they did without consideration.

[Ruttoshi]

Once you start making gains from the business, you could aggressively buy Bitcoin using some of the profits from the business and your income. This way, you may now be buying Bitcoin using your income ($200) and from your business gains ($50) weekly, helping you reach the level of Bitcoin portfolio you desire.

Sure, there are frequently complexities for business opportunities that maybe or may not be worth the injection of capital to get into such operations, and sometimes there can be good opportunties, so we cannot weigh those kinds of trade offs in a thread like this, and we cannot necessarily assume, either, that it would automatically be better to get into a business rather than buying BTC with the extra capital.. it is not easy to know without getting into particulars of the business.. .

And as Salahmu mentioned in the next post, people will sometimes get distracted by supposed "business opportunities" and want to spend their bitcoin investment, which can be very tempting, but not necessarily a good idea for someone to get so excited about supposed opportunities that s/he has merely because s/he has savings and an investment in bitcoin that is generally growing and so dipping into it is tempting, but not be as good of an idea as continuing to build the bitcoin investment with out getting distracted... and of course, everyone has to figure out how to balance these kinds of temptations, and whether the opportunity that is presented is as great as it appears from the initial stages... but might not be so great after several years of wasting time in it. when you could have had been building your bitcoin holdings in other ways.  There is no exactly better choice, even though there likely can be due diligence difficulties that might even be more difficult to assess than assessing the putting of value into bitcoin.

I agree with everything that you said @JJG, I don't know why some people haven't build up the initial their bitcoin investment portfolio to a good level, and they are talking about diversification to another investment. They don't know that it will be a big distraction for them to reach their bitcoin goal and also to continue with the bitcoin accumulation. This is because they will stop their bitcoin accumulation and start paying more attention on the new business that they want to start with. How are we even sure that such business will yield a better profit than their bitcoin investment, which I doubt. It is easy to manage on investment than two especially when the investment is still very young. Before you know it such people might even go to the extend of selling part of their bitcoin to put into the new business when it is faced with some challenges. It is a poor investment practice and should not be encourage because you might end up losing the opportunity to buy bitcoin more cheaper because you have lost focus on buying bitcoin for some period of time.

None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.

I disagree with you on this, because you are complicating yourself here, before venturing into your bitcoin accumulation journey, you should have make a proper plan so that you can use the money that will not affect your monthly up keep and you should also make preparation for emergency funds already on ground and also reserve funds so that no matter what happens along the line on your bitcoin journey, apart from death you will overcome the challenge because you are already prepared on a long term bitcoin accumulation goal. Diversifying is not necessary, and not all successful bitcoin long term hodlers diversify on their way to their bitcoin target. Stay focus and don't distract yourself. How will low income earners diversify but low income earners can achieve their bitcoin target with commitment, discipline and patience.

[strunberg]

That's why DCA was actually the best strategy and will remain the best because irrespective of how DCA strategy seem more of slowly accumulation but what matters is doing the investment in the right way free from unforseen risk and perhaps with time the targets will be achieved.

I agree and like your thoughts. I think the DCA method is the best. There is nothing better than saving Bitcoin little by little without having to burden your finances and mind. Using aggressive methods is very risky, although if successful you will get big profits. But think again, are the benefits worth the risk of financial difficulties if the plan fails? In my opinion, it is better to enjoy compound interest from the little by little accumulation that we collect.

[Out of mind]

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin  with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can  than sitting on the fence.

If you are focused on BTC, I think it's better not to think about the outside anymore. Just BTC and search quickly to collect as much as possible in various ways. January 2024 is only a month and 6 days away and the issue of increasing BTC is also being discussed very intensively even in the midst of these uncertain economic conditions.

A person who focuses on BTC is definitely best off thinking about everything else, investing in Bitcoin would be the best sign for him. At the current price of Bitcoin if you buy from here and plan to hold it for a long time then I think your plan will be right. The BTC market may rise even more in the coming days, so it is wise to buy and hold Bitcoins before the halving. The year 2024 is very close so we think that after the bitcoin halving the market is likely to go higher and the market will see the green candlelight. So invest bitcoin with no thought and wait till bull market, and help will be good advice for you.

[promise444c5]

A person who focuses on BTC is definitely best off thinking about everything else, investing in Bitcoin would be the best sign for him. At the current price of Bitcoin if you buy from here and plan to hold it for a long time then I think your plan will be right. The BTC market may rise even more in the coming days, so it is wise to buy and hold Bitcoins before the halving. The year 2024 is very close so we think that after the bitcoin halving the market is likely to go higher and the market will see the green candlelight. So invest bitcoin with no thought and wait till bull market, and help will be good advice for you.

i don't think buying at once for an entry level point or low income is a good one considering the current market value, rather a DCA or NCA could be better as there  won't be any worries about all funds in stake but pays in little by little with a rest of mind.

I guess everyone is excited about the upcoming event , i am also but let's try not to be overclouded by this excitements

[adultcrypto]

A person who focuses on BTC is definitely best off thinking about everything else, investing in Bitcoin would be the best sign for him. At the current price of Bitcoin if you buy from here and plan to hold it for a long time then I think your plan will be right. The BTC market may rise even more in the coming days, so it is wise to buy and hold Bitcoins before the halving. The year 2024 is very close so we think that after the bitcoin halving the market is likely to go higher and the market will see the green candlelight. So invest bitcoin with no thought and wait till bull market, and help will be good advice for you.

i don't think buying at once for an entry level point or low income is a good one considering the current market value, rather a DCA or NCA could be better as there  won't be any worries about all funds in stake but pays in little by little with a rest of mind.

On this contrary, no method of buying is considered bad irrespective of your income level. The method you chose to adopt depends entirely on what you are comfortable with because there are many factors that can make you chose how to buy.  There are people who do not have regular cash flow rather they have lump sum that comes in a way they cannot predict. Some of such people may not know how to work out a DCA schedule and even when some do, they may not have the discipline to implement it without tampering with the money before the due date for investment via the DCA method. In a situation like this, instant purchase can be a favourable option when some part of the funds have been set aside for basic needs.

The DCa method is good and highly recommended for low income people and it is easier for people that have regular cashflow like those earning salary. It will just be a matter of deciding what portion of your salary you will set aside monthly for Bitcoin investment.

Once again, let us understand that as our personalities differs,  so does our preferences and for Bitcoin investment, our choice of purchase pattern may vary but what should be constant is that we should buy and hdl

[JayJuanGee]

At a certain point, there may be a need for an investor to delve into something that is certain to provide a faster return, perhaps in a short period of time.

Why?  Isn't bitcoin potentially volatile enough?  What more "faster return" is necessary, and at what point would a person "need" to engage in such extra risk taking, when bitcoin is already risky?

No doubt bitcoin is potentially volatile with its own peculiar risk and returns but investing (diversifying) in other different projects that's not cryptocurrency is another form of expansion that returns made from there can be utilize into accumulating and increasing your bitcoin portfolio, in my opinion a good diversification can be a supportive ground for a bitcoin investor not to tamper with his bitcoin investment at any  financial emergency storm that might hit.

If the money is there enough to diversify the risk factor shouldn't be an excuse not to diversify. None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.

Be careful in mixing your metaphors too much.

One of the advantages of bitcoin remains position size, and if you go into a business, you usually will have a lot of upfront costs and time investments too.

With bitcoin you can adjust the the amount that you buy regularly, and you can also make sure that you have a sufficient extra cashflow for both income replacement and also emergencies.. ..so the mere fact that you don't diversify further is not the same as driving without a spare tire because hopefully you have already figured out your various amounts, and as you continue to build your bitcoin, there may be points in which diversification is starting to make sense, especially if you might start to have a couple of years of income within your cash reserves and your BTC investment.. but how you go about adding other ways of diversifying can be quite varied in how people might do it, whether they continue to buy BTC and then add other things that they are buying or if they slow down on their BTC buying or if they stop it completely... but it might be possible to make lump sum investments in some other assets, whether it is stock or property or something else (should not be shitcoins unless it is limited to small amounts such as less than 10%) so that your total value is not just in bitcoin and cash.

[Frankolala]

A person who focuses on BTC is definitely best off thinking about everything else, investing in Bitcoin would be the best sign for him. At the current price of Bitcoin if you buy from here and plan to hold it for a long time then I think your plan will be right. The BTC market may rise even more in the coming days, so it is wise to buy and hold Bitcoins before the halving. The year 2024 is very close so we think that after the bitcoin halving the market is likely to go higher and the market will see the green candlelight. So invest bitcoin with no thought and wait till bull market, and help will be good advice for you.

i don't think buying at once for an entry level point or low income is a good one considering the current market value, rather a DCA or NCA could be better as there  won't be any worries about all funds in stake but pays in little by little with a rest of mind

Out of mind never said that you should buy a whole one bitcoin, but he was advising people that don't have bitcoin to buy before the halving,  because after the halving the price of Bitcoin may pump to an amount that they wouldn't be comfortable with buying. You should also take note that this is a general board thread and not your local board, therefore, when you are talking about regular buying of bitcoin weekly or monthly, you use the right world Dollar Cost Average (DCA) and not Naira Cost Average (NCA), because if everyone wants to use their local currency in discussion, people will get confused and it might be misleading to newbies.

A person who focuses on BTC is definitely best off thinking about everything else, investing in Bitcoin would be the best sign for him. At the current price of Bitcoin if you buy from here and plan to hold it for a long time then I think your plan will be right. The BTC market may rise even more in the coming days, so it is wise to buy and hold Bitcoins before the halving. The year 2024 is very close so we think that after the bitcoin halving the market is likely to go higher and the market will see the green candlelight. So invest bitcoin with no thought and wait till bull market, and help will be good advice for you.

i don't think buying at once for an entry level point or low income is a good one considering the current market value, rather a DCA or NCA could be better as there  won't be any worries about all funds in stake but pays in little by little with a rest of mind.

There are people who do not have regular cash flow rather they have lump sum that comes in a way they cannot predict. Some of such people may not know how to work out a DCA schedule and even when some do, they may not have the discipline to implement it without tampering with the money before the due date for investment via the DCA method. In a situation like this, instant purchase can be a favourable option when some part of the funds have been set aside for basic needs.

This is why investing in any business needs discipline and self control, this is the same with bitcoin, because anyone who doesn't have a good financial management will find it difficult to reach his bitcoin target. Anyone that can't stay focus on bitcoin journey by using the money that he has planned to buy bitcoin for other purpose didn't have a proper plan on how much he will use to buy bitcoin that wouldn't affect his monthly needs. When you have a huge amount of money, it is better that you split it into three parts and use one part for lump sum, the second part for regular DCA and the last part to buy at the dip. This is why you don't need to depend on that money for any emergency because the money for emergency and monthly needs has already been kept aside. Believe me or not any investor the will not be able to keep cash in preparation for upfront DCA or buying at the dip, will also sell part of his bitcoin when he uses all the money to lump sum due to lack of preparation to have reserve funds and emergency funds.

The DCa method is good and highly recommended for low income people and it is easier for people that have regular cashflow like those earning salary. It will just be a matter of deciding what portion of your salary you will set aside monthly for Bitcoin investment.

DCA method is the best for beginners and those that are in their early stage of their bitcoin journey because it opens room for them to accumulate frequently and increasing their portfolio constantly.

[ginsan]

Are you attempting to distinguish between someone who is just getting into bitcoin and investing versus someone who has been investing for a long time?  There's a difference.

True JJG, perhaps it is not very appropriate for them to measure the degree of difference in the time they have run in Bitcoin investments. Where early investors or those who have known Bitcoin for a longer time in 2013 of course they can buy at a cheap price. And for new investors or those who known Bitcoin this year they buy Bitcoin at a more expensive price but that only measures the entry level they.

The initial investor's investment journey might be better used as a combination to motivate us in our long-term Bitcoin investment journey. Buy aggressively or instantly depending on each strategy and all they need to do is balance your income and expenses to avoid disrupting they investment journey. I think many of the big investors from 2013 bought large amounts of BTC at cheap prices and they either immediately forgot about it or checked back in 10 years or 20 years. Yes they are billionaires now.

[JayJuanGee]

Are you attempting to distinguish between someone who is just getting into bitcoin and investing versus someone who has been investing for a long time?  There's a difference.

True JJG, perhaps it is not very appropriate for them to measure the degree of difference in the time they have run in Bitcoin investments. Where early investors or those who have known Bitcoin for a longer time in 2013 of course they can buy at a cheap price. And for new investors or those who known Bitcoin this year they buy Bitcoin at a more expensive price but that only measures the entry level they.

The initial investor's investment journey might be better used as a combination to motivate us in our long-term Bitcoin investment journey. Buy aggressively or instantly depending on each strategy and all they need to do is balance your income and expenses to avoid disrupting they investment journey. I think many of the big investors from 2013 bought large amounts of BTC at cheap prices and they either immediately forgot about it or checked back in 10 years or 20 years. Yes they are billionaires now.

We cannot necessarily assume that people who have been in bitcoin for a long time have errored on the side of buying and accumulating BTC, and there have been a lot of mistakes along the way, including selling too many too early, and sometimes having regrets, sometimes suffering paralysis and sometimes getting back into accumulating at a later date, even if if they could have been much better off to have had not take a pause in their bitcoin accumulation journey.

Sometimes people need to go through some mistakes before they learn their lesson, and we have already seen examples of situations in which someone could have gotten into bitcoin in the last 4-6 years and to be doing quite well, but some of these people are also either not doing well and/or they might be engaging in earlier level accumulations of BTC in order to make up for their mistakes.   

Sometimes knowing too much about BTC can be a hinderance because we can get psyched out of buying more of it at higher prices, and so sometimes the people who are more newbies to bitcoin and investing may well end up passing up some of the guys who have known about bitcoin for a while but either failed to take sufficient and consistent actions or they might have sold too many BTC too soon and then their own psychology (and mental blocks) contribute to their thinking about bitcoin in wrong ways, including thinking that $100 per week is not enough, and they are too late, especially if they used to have 10 BTC and maybe since they have less than 1 BTC they might consider that they are never going to get to a similar level of BTC holdings again, especially if they ONLY can afford around $100 per week to buy bitcoin, but they think that is not enough.. which is true that it will not get them back to 10 BTC, but it may well still be the better (if not the best) of investment options that are currently available to them.

I have heard some financial shows and they do not even mention bitcoin as being part of the portfolio, which seems a very BIG mistake, too, so even people who are actively investing into bitcoin now and taking measures to get their finances (and psychology) in order are going to be in much better shape than those people who might not start investing in bitcoin for several more years.

[ginsan]

Are you attempting to distinguish between someone who is just getting into bitcoin and investing versus someone who has been investing for a long time?  There's a difference.

True JJG, perhaps it is not very appropriate for them to measure the degree of difference in the time they have run in Bitcoin investments. Where early investors or those who have known Bitcoin for a longer time in 2013 of course they can buy at a cheap price. And for new investors or those who known Bitcoin this year they buy Bitcoin at a more expensive price but that only measures the entry level they.

The initial investor's investment journey might be better used as a combination to motivate us in our long-term Bitcoin investment journey. Buy aggressively or instantly depending on each strategy and all they need to do is balance your income and expenses to avoid disrupting they investment journey. I think many of the big investors from 2013 bought large amounts of BTC at cheap prices and they either immediately forgot about it or checked back in 10 years or 20 years. Yes they are billionaires now.

We cannot necessarily assume that people who have been in bitcoin for a long time have errored on the side of buying and accumulating BTC, and there have been a lot of mistakes along the way, including selling too many too early, and sometimes having regrets, sometimes suffering paralysis and sometimes getting back into accumulating at a later date, even if if they could have been much better off to have had not take a pause in their bitcoin accumulation journey.

Sometimes people need to go through some mistakes before they learn their lesson, and we have already seen examples of situations in which someone could have gotten into bitcoin in the last 4-6 years and to be doing quite well, but some of these people are also either not doing well and/or they might be engaging in earlier level accumulations of BTC in order to make up for their mistakes.   

Sometimes knowing too much about BTC can be a hinderance because we can get psyched out of buying more of it at higher prices, and so sometimes the people who are more newbies to bitcoin and investing may well end up passing up some of the guys who have known about bitcoin for a while but either failed to take sufficient and consistent actions or they might have sold too many BTC too soon and then their own psychology (and mental blocks) contribute to their thinking about bitcoin in wrong ways, including thinking that $100 per week is not enough, and they are too late, especially if they used to have 10 BTC and maybe since they have less than 1 BTC they might consider that they are never going to get to a similar level of BTC holdings again, especially if they ONLY can afford around $100 per week to buy bitcoin, but they think that is not enough.. which is true that it will not get them back to 10 BTC, but it may well still be the better (if not the best) of investment options that are currently available to them.

I have heard some financial shows and they do not even mention bitcoin as being part of the portfolio, which seems a very BIG mistake, too, so even people who are actively investing into bitcoin now and taking measures to get their finances (and psychology) in order are going to be in much better shape than those people who might not start investing in bitcoin for several more years.

Yes, that's true JJG sometimes they have bigger obstacles in their investment journey, whether it's selling too early or delaying buying. Sometimes I wonder why those who bought at high prices sell their Bitcoin holdings at low prices. Yes, we know that many of us buy dips and hope that big profits will come our way, but this is only possible for people who are patient and ready to go through many obstacles in their investments.

Yes, it happened to me that I made a fatal mistake in the previous years because I sold Bitcoin to gamble and that would be a valuable lesson to improve so as not to fall into the same hole. Revolution in adapting a new plan and experience is one of the keys to improving the situation for the future. Bitcoin has brought changes to those who are on the right path to becoming millionaires in the current era. For this reason, the journey of people who got to know Bitcoin earlier might be quite interesting to read about their history.

[JoyMarsha]

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin  with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can  than sitting on the fence.

That's very certain that many altcoins won't roll along with bitcoin in price during the bull run. Some would have lost their value during the bearish market and the ones that survived it to the bull run won't increase as much when compared with bitcoin.
Every investor in bitcoin can be confident that, before the bull run ends, they will make some profits from their bitcoin investment. As for altcoins, you are unsure which one will provide you with the desired profits because of how unpredictable the crypto market can be. But if you love to take risks on altcoins, diversify your investment in top coins.

[Ryu_Ar1]

Are you attempting to distinguish between someone who is just getting into bitcoin and investing versus someone who has been investing for a long time?  There's a difference.

True JJG, perhaps it is not very appropriate for them to measure the degree of difference in the time they have run in Bitcoin investments. Where early investors or those who have known Bitcoin for a longer time in 2013 of course they can buy at a cheap price. And for new investors or those who known Bitcoin this year they buy Bitcoin at a more expensive price but that only measures the entry level they.

The initial investor's investment journey might be better used as a combination to motivate us in our long-term Bitcoin investment journey. Buy aggressively or instantly depending on each strategy and all they need to do is balance your income and expenses to avoid disrupting they investment journey. I think many of the big investors from 2013 bought large amounts of BTC at cheap prices and they either immediately forgot about it or checked back in 10 years or 20 years. Yes they are billionaires now.

The important point here is to stay in the process and enjoy what we do.
Regardless of those who have been in bitcoin for a long time or those of us who are still new to bitcoin, all of them must have their own experiences and mistakes but struggling to continue to correct the mistakes we have made is something that really needs to be improved for evaluation so that we are even better.
Many people are still considering about prices that are considered too high for now and are not willing to start because expecting the time when bitcoin was lower will also be useless because in the end everything has its own time because not necessarily if we know bitcoin from the first time we can also invest well because there will definitely be some mistakes made such as selling bitcoin too fast from the target to be achieved and so on.
Now we just have to focus on what we are doing now with the process that we believe that bitcoin is worth considering as an investment. Regardless of the time that has happened it will also not be repeated and we do not need to feel sorry for what has happened because after all there are positives that can be taken because maybe if we did not make mistakes before we would not be like now and have a broader view of bitcoin.